Abstract
This chapter aims to study two questions: how does the EU strike a balance between a value-based versus an interest-based approach in its diplomacy vis-a-vis China and how to evaluate the implications of Brexit towards Sino-British and Sino-EU relations? Chinese leaders emphasize on trade and investment, while trying to put aside the political-normative aspects in China-EU relations. China considers that Brexit provides both challenges and opportunities. As the UK would not be the gateway for Chinese investments in the EU, Chinese enterprises will tend to reorient their investments into EU. The internationalization of the RMB would also be affected by London losing its role as the European financial centre. Given the worsening economic situation in the UK and the EU, Beijing thinks it might be easier to conclude free trade agreements with and facilitate Chinese investments in both the UK and EU.
Original language | English |
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Title of host publication | The Implications of Brexit for East Asia |
Editors | David W.F. Huang, Michael Reilly |
Place of Publication | Singapore |
Publisher | Palgrave Macmillan |
Pages | 91-112 |
Number of pages | 22 |
Edition | 1st |
ISBN (Electronic) | 9789811301858 |
ISBN (Print) | 9789811301841, 9789811343537 |
DOIs | |
Publication status | Published - 29 Jun 2018 |
Scopus Subject Areas
- Economics, Econometrics and Finance(all)
- Business, Management and Accounting(all)
- Social Sciences(all)